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$2,550,000

717 N College Avenue Bloomington, IN 47404

  • 10 Beds
  • 12 Baths
  • 7,249 sq. Ft
Property Description
Remarkable investment opportunity close to IU Campus and Bloomington's Downtown on highly visible College Avenue. Both properties sit side by side facing College Avenue with an empty lot in the center that is part of the 801 plat. Property is developable, see separate docs from Monroe County Planning attached and visit the planning department for further information. 801 N College was the former Scholars Inn Bed & Breakfast and offers 5 bedrooms and study with each room boasting an en suite (6 total full baths). The property has parking and a beautiful back yard with mature trees. This is currently rented to students and has leases in place thru August 2023. 717 N College was the former Scholars Inn Gourmet Cafe and Wine Bar. It was completely remodeled in 2020 and has been operating as a Vacation Rental since July 2020. Each level is rented separately or the entire house can be rented together with 2 separate listings on vacation rental sites. 717 would be sold turn key and buyers may take over VRBO and Air B&B listings with bookings through the fall and Graduation 2023. This property has 3 bedrooms and 2 full plus 2 half baths downstairs and an additional full bath and two bedrooms upstairs with a kitchenette. Each level has an expansive deck and the back of this property has 16 parking spots which generate income from Flexepark. Both houses were built before 1900 and exude all the charm you'd expect to find in homes of this era. See document attached for details of each property.
Address:717 N College Avenue Bloomington IN 47404
Status:Active
on site: 94 days
Price:$2,550,000
Bedrooms:10 Beds
Bathrooms:9 Full Baths, 3 Half Baths
Sq. Feet:7,249
Year Built:1840
Lot Size:0.69
County: Monroe County
Township: Bloomington
School System : Monroe County Community
MLS #:202210025
Property Type:Other

Lot Dimensions:Unknown
Directions:On West side of College Avenue between 13th and 11th Streets.
Total Sq. Ft. :7,249
Basement:Yes
Loan Price
$14,898
Price And Interest $13,302/month
Property Tax $533/month
MTG INS $0/month
HOME INS $1,063/month
Price
$2,550,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$533/month
Home Owner Insurance
$12,756 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Tucker Customer Care
Tucker Mortgage
Office +317-472-9201
Courtesy of Tucker Mortgage
RoomSizeLevel
5th Bedroom 5 x 2 Info Not Available
Annual Property Tax:$3,200
Tax Year:2022/23
Mandatory HOA Fee:$
Subdivision: Kenwood
Zip Code:47404
High School:Bloomington North
Middle School:Tri-North
Elementary School:Fairview
Total Sq. Ft.:7,249
Kerry Feigenbaum, REALTOR®/Broker, F. C. Tucker Company, Inc.
Kerry Feigenbaum
Phone (812) 330-7526
Additional Phone (812) 330-7526
F.C. Tucker Company, Inc

Get more information

Listing provided courtesy of Kerry Feigenbaum with FC Tucker/Bloomington REALTORS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company, Inc. include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.